Canada’s great plan to solve inflation - printing cash?
(twitter.com)
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They're not stupid, they know what they're doing
I think they are attempting to combat inflation by increasing the monetary velocity of the Canadian dollar. By ensuring people have a bit more money to spend, they are essentially securing further sales tax income for themselves. It's a good idea IF and ONLY IF they do not also print more currency. Offering tax credits is not the same thing as printing currency. Lower collected taxes always translates to increased monetary velocity and that's exactly what is needed to combat inflation. Let's see how they fuck this up.
You are giving them too much credit.
Trudeau imposed an 11 cent carbon surtax per liter of gasoline just as inflation and Russian sanctions had already shot the price over 2 dollars Cdn (over 7 dollars a gallon).
This is just kabuki theater so his WEF bedmate Jagmeet Singh can pretend that he actually got anything out of him propping up Trudeau's government with a blank cheque for the last six months while still pretending that he's a socialist "fighting for the little guy".
Yeah, I thought it was too good to be true. Without his idiotic tax policies and constant thievery, this would be an interesting policy. Otherwise it's a bandaid on an axe-wound.